In many scholarly and activist circles, the International Monetary Fund (IMF, or ‘the Fund’) has a reputation as a global bully. The phrase ‘Washington consensus’ has come to invoke a rigid orthodoxy of austerity and liberalization which the Fund, along with its cousins the World Bank and the US Treasury, imposes on developing countries. As an organization, the IMF is seemingly monolithic, drawing comparison to the Vatican even amongst its own staff.
Countries grow richer as one moves away from the equator, and the same is generally true if one looks at differences among regions within countries. However, this was not always the case: research has shown that in 1500 C.E., for example, there was no such positive link between latitude and prosperity. Can these irregularities be explained? It seems likely an answer can be found in factors strongly associated with latitude.
Currently a UK-authorized bank, insurer or securities firm has the right to carry on business in another EEA state without further authorization. This passporting right allows UK firms to access European markets and over 2000 UK investment firms benefit from a passport under MiFID. UK firms will lose this right if it exits the EU without mutual recognition.
‘Yahapalana’ is a term that has been much in use in Sri Lanka’s political discourse ever since the present government came to power early last year. ‘Yahapalana’ is a Sinhala word, and means ‘good governance’. The Sirisena government was voted into office in the January 2015 election on a promise of ‘good governance’.
In a speech made after the November terrorist attacks in Paris, President Obama criticized the media’s use of the word mastermind to describe Abdelhamid Abaaoud. “He’s not a mastermind,” he stated. “He found a few other vicious people, got hands on some fairly conventional weapons, and sadly, it turns out that if you’re willing to die you can kill a lot of people.”
Acknowledging that they are certainly not the first to do so, four scientists, Michael Yudell, Dorothy Roberts, Rob Desalle, and Sarah Tishkoff recently called for the phasing out of the use of the concept/term “race” in biological science.
E-cigarettes have an image problem. I mean this in two different ways. They are still seen as controversial products, often featuring in dramatic stories about battery explosions or toxic substances. Most of these stories play on public fears, exaggerate their claims, and are unhelpful for fostering a constructive public debate. But more generally, e-cigarettes have an image problem in that no one agrees on what they represent.
Do you know of a colleague who is extremely good at their job, yet cannot pass the professional exams required to ascend the career ladder? Or an exceptionally bright friend – who seems to fall apart during exam periods? Or do you yourself struggle when it comes to final assessments? I’m sure most of us are familiar with situations like this, as they are a very common occurrence.
Whatever the international crisis – whether inter-state war (Russia-Ukraine), civil strife (Syria), nuclear proliferation (North Korea), gross violations of human rights (Israel), or violent non-state actors on the rampage (ISIS, al-Qaeda) – governments, pundits and NGOs always seem to formulate the same response: impose economic sanctions. In the mid-20th century, only five countries were targeted by sanctions; by 2000, 50 were. Once obscure and rarely used, sanctions are now central to international economic and security policy.
What is happiness and how can we promote it? These questions are central to human existence and human flourishing now plays a central role in the assessment of national and global progress. Paul Anand shows why the traditional national income approach is limited as a measure of human wellbeing and demonstrates how the contributors to happiness, wellbeing, and quality of life can be measured and understood across the human life course. The following extract looks at the connection between income and wellbeing.
There are eleven diverse hill states in India which comprise the group of “Special Category States.” They all suffer from the disadvantages that result from remoteness and geographical isolation, as well as historical and demographic circumstances. In addition to pathetic infrastructures, scant resources, unrealized human potential, and stymied economic growth, these states also represented various groups of marginalized minorities.
15 October 2015. Another cold, grey afternoon in Hamburg-Langenhorn. My last research visit to Helmut Schmidt’s private archive next to his home, a simple bungalow in the northern suburbs of the city. I was there to check some final references before sending my book off to press. But unexpectedly there was a chance to say hello to the former Chancellor, now ailing and housebound, before I took a taxi to the airport.
This month marks the fifth anniversary of 3.11–the moniker for the earthquake, tsunami, and Fukushima nuclear disaster that struck northeastern Japan on 11 March 2011, killing nearly 20,000 and displacing as many as 170,000 people. In addition to mourning for lost souls, the anniversary was marked by loud anti-nuclear protests all over Japan.
frican Studies focuses on the rich culture, history and society of the continent, however the growing economies of African countries have become an increasingly significant topic in Economic literature. This month, The Centre for the Study of African Economies annual conference is taking place in Oxford. To raise further awareness of the growing importance of the study of African economics, we have created this reading list of books, journals and online resources that explore the varied areas of Africa and its economy.
Most people living in large towns and cities probably give little thought to soil. Why should they? At a first glance, much of the ground in towns and cities is sealed with concrete, asphalt and bricks, and most city-dwellers have little reason to have contact with soil. To most, soil in cities is simply dirt. But soil is actually in abundance in cities: it lays beneath the many small gardens, flower beds, road and railway verges, parks, sports grounds, school playing fields, and allotments of the city, where it plays many under appreciated roles.
Julian Assange is an unusual figure in the world of hacktivism. He embraced his notoriety as leader of Wikileaks, and on 4 February 2016, he appeared on the balcony of the Ecuadorian embassy holding a copy of a UN panel report that declared that he has been “arbitrarily detained” while avoiding extradition to Sweden for alleged rape for almost six years (British and Swedish prosecutors still seek to detain him).